Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8.Use the Sales information above to answer this question. The Jesaki research department established the following price-supply function for widgets: q(x)= 1.03 x + 29,

8.Use the Sales information above to answer this question.

The Jesaki research department established the following price-supply function for widgets:

q(x)= 1.03 x + 29,

where x is in thousands of widgets. Find the equilibrium quantity. Use that information to complete the following sentence:

As the price of widgets tends toward the equilibrium price, the supply and demand are both

widgets. Round to the nearest widget.

9.

Over But Not Over Tax Due
$0 $15,000 2.5% of taxable income
$15,000 $30,000 $375 plus 6.3% of excess over $15,000
$30,000 $1,320 plus 6.4% of excess over $30,000

Use the Tax table above the answer the following question. Find the tax due on a taxable income of $18,216.

10.A retail chain sells DVD players. The price-demand function of a particular model p(x) is p(x)=5-2x. Describe how the graph of the function p(x) can be obtained from the graph of f(x)=x. Please check ALL that apply

Group of answer choices

Horizontal Shift Right

Vertically Stretched

Vertically Shrunk

Horizontal Shift Left

Vertical Shift Up

Vertical Shift Down

Reflected in the x-axis

11.A company is planning to manufacture snowboards. The fixed costs are $145 per day and the total costs are $7,862 per daily output of 15 boards. What is the average costs per board tend to as production increases?

12.Find the value of an investment of $16,322 for 13 years at an annual interest rate of 5.4% compounded continuously.

13.Karen wishes to have $19,235 cash for a new car 7 years from now. How much should be placed in an account now, if the account pays 5.7% annual interest rate, compounded weekly?

14. Suppose Matt has invested in a mutual fund that is compounded annually at 17.09%. How long will it take the money invested to double? (Round up to the nearest year)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Security And Controls Of Windows Active Directory Domains

Authors: Derek Melber

1st Edition

0894135635, 978-0894135637

More Books

Students also viewed these Accounting questions